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Jun 30, 2023
Bancorp Q2 2023 Earnings Report
The Bancorp produced record core profits and exemplar profitability.
Key Takeaways
The Bancorp reported strong financial results for the second quarter of 2023, with record core profits and exemplar profitability. The company maintains a positive outlook for 2023 and 2024 and expects increasing profitability and earnings per share.
The Bancorp continued to produce record core profits in Q2 2023.
The company demonstrated exemplar profitability in the second quarter.
The outlook remains positive for 2023 and 2024.
Guidance is maintained at $3.60 a share, without including the impact of anticipated share buy backs of $25 million per quarter in 2023.
Bancorp
Bancorp
Forward Guidance
The outlook remains positive for 2023 and 2024 and we expect increasing profitability and earnings per share, while navigating a difficult market environment for most banks. We are maintaining guidance at $3.60 a share, without including the impact of anticipated share buy backs of $25 million per quarter in 2023.